NEWS

Do young forests or older forests capture more carbon dioxide from the atmosphere?

Answer: Young forests will likely have a higher rate of carbon capture rate than older stands.

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U.S. imports of engineered wood flooring have risen 31% by volume and 33% by value so far this year. Imports from Cambodia are up 26% to nearly 78 million square feet and imports from Vietnam have jumped 49% to nearly 96 million square feet, while imports of engineered wood flooring from China fell 6%.

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The UK Timber Trade Federation has issued an official import warning to its members about the probable source of birch plywood from the Far East. While China has been mentioned, it is likely that at least some of the birch plywood is from Russia.

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TTF: Import Warning - Birch Plywood from the Far East

U.S. cabinet manufacturers reported an increase in overall cabinet sales of 21.3% in June 2022 vs. June 2021. The companies surveyed reported an increase in sales of all types of cabinets: stock, semi-custom, and custom.

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KCMA: June 2022 Trend of Business Press Release

The U.S. Department of Commerce recently published its preliminary affirmative determination in its circumvention investigation into hardwood plywood made with Chinese core materials and assembled in Vietnam. In its determination, Commerce found that the multiple types of hardwood plywood it examined should be subject to the substantial antidumping and countervailing duties on hardwood plywood made in China. These duties range as high as 200%.